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A consumer price analyst claims that prices for liquid crystal display (LCD) computer monitors have a mean of $ 190 and a standard deviation of
A consumer price analyst claims that prices for liquid crystal display (LCD) computer monitors have a mean of $ 190 and a standard deviation of $ 47.
1: You randomly selected 16 LCD compute monitors. What is the probability that their mean cost is less than $ 200? Assume here that the prices are normally distributed
2: You randomly selected 49 LCD compute monitors. What is the probability that their mean cost is less than $ 200?
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